Mnuchin Says White House Is Willing To Put ‘More Money On The Table’ For Next Stimulus Bill
In an interview with CNBC on Monday, Treasury Secretary Steven Mnuchin said that the White House is willing to resume negotiations with Democrats over the next round of federal stimulus legislation; his comments come after two weeks of failed meetings between White House officials and Democratic leadership and several executive actions from President Trump.
On Saturday, President Trump signed four executive actions covering supplemental federal unemployment benefits, student loan relief, eviction protections and a payroll tax deferment.
Those executive actions—which came after Trump repeatedly said he would implement certain relief measures if lawmakers were unable to come to an agreement—were met with immediate criticism from Democrats and others about their potential effectiveness and legality.
One of the main points of disagreement between Democrats and the White House during negotiations last week was the price tag of the bill: Republicans want to keep any new legislation under $1 trillion, while the Democratic plan is three times more expensive and includes $1 trillion just in aid for state and local governments.
Democrats last week offered to cut their proposal to $2 trillion if the GOP would come up to meet it, but Mnuchin said the offer was a “non-starter” at the time.
It isn’t immediately clear which aspects of a relief bill the extra money Mnuchin says the White House is willing to offer would be used for.
“The president is determined to spend what we need to spend,” Mnuchin said. “We’re prepared to put more money on the table.” He clarified, however, that the White House won’t be writing a blank check: “We’re not going to go to unlimited amounts of money to do things that don’t make sense.”
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